BAKU, Azerbaijan, June 10. The price of
Azerbaijan’s Azeri Light crude at Italy’s Augusta port, on a CIF
(Cost, Insurance, and Freight) basis, decreased by $6.35, or 6.57%,
on June 12 from the previous level, coming in at $90.50 per barrel,
a source in the oil market told Trend.
At Türkiye’s Ceyhan port, the FOB (Free on Board) price of Azeri
Light crude went down by $6.33, or 6.69%, to $88.23 per barrel.
The price of URALS crude dropped by $6.4, or 9.22%, to $63.02
per barrel, while Brent Dated crude from the North Sea fell by
$6.85, or 7.2%, to $88.23 per barrel.
Azerbaijan’s 2026 state budget is based on an average oil price
of $65 per barrel.
